Most of us don't give importance to Union Budget as we are unaware about how the budget is going to affect in our daily priorities. Jaitley focused more on rural India in this budget. He gave relief of Rs.3000 to individuals who have an annual income of less than 5 lakhs.


So this is a good news for home buyers. To boost demand in realty sector, Government has proposed deduction of Rs.50,000 on interest on loans for first home buyers and tax incentives on development of affordable housing.


Government also gave service tax exemption for houses up to 60 Square metres. The government will set up 3,000 new generic medicine stores across the country to tackle the shortage of drugs in rural areas.


Jaitley also increased the excise duty on Cigarettes and this is the fifth time in row they have increased the price. Famous brands like Gold Flake Kings and Wills Classic will cost upto Rs.125. Similarly branded outfits will cost even more. The price goes high by 5%. Similarly air fares have also been increased huge.



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